CIMB Fixed Income Strategy Weekly - 20 Apr 2015

Strategy

• UST: Our one-month target for 10T is 2.03% with exit at 1.80%.
• MYR govvies: We prefer GIIs.
• MYR credits: Our picks TBEI Mar’23, Mar’25 and BGSM Dec’24 (AA3).
• THB govvies: Cautious week ahead with primary on tap.
• THB credits: CPALL248A is a laggard.
• IDR govvies: Small gains possible.
• SGD credits: Profit taking took hold.